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Factors You Should Consider When Buying Cyber Insurance.
Insurance
Source: Factors You Should Consider When Buying Cyber Insurance.
Cyber insurance can act as a financial safety net, helping businesses recover from these unforeseen events. However, with a growing number of cyber insurance policies available, choosing the right one for your specific needs can be overwhelming
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Understanding Cyber Insurance In Australia
Insurance
Source: Understanding Cyber Insurance In Australia
According to the Australian Cyber Security Centre (ACSC), Australian businesses experienced a staggering 67% increase in cyber attacks in 2022-23, highlighting the urgent need for robust cybersecurity measures. While prevention is crucial, cyber attacks can still happen. This is where cyber insurance comes in – a specialized insurance policy designed to protect your business from the financial fallout of a cyber incident.
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The state of the Cyber Insurance market in Australia
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Source: The state of the Cyber Insurance market in Australia
The threat of cyberattacks is growing as the globe continues to become more digitalized, remote working becomes the new standard, and the cyber market is always changing. A cyber attack can have significant effects on a company or organisation, both financially and otherwise.
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